Products from HSBC, Lyxor, Aberdeen and others won approval, as did the first alternatives products from Carlyle Group, Oaktree Capital and Intermediate Capital Group.
Alternatives registration already underway in Chile
Managers that already have investments via feeder funds can submit their approval directly, while new firms will have to gain sponsorship from an AFP.
CCR Monthly Approval Report – November 2017
iShares, Oddo, Matthews , Lyxor, and Edmond de Rothschild were the fund sponsors gaining approval for new products.
CCR delists commodities products in response to new alternative-investment regime
The risk-rating agency responded to new rules put in place by the Pension authority, whose superintendent. Osvaldo Macías, said: "Investment in commodities will not be allowed at this stage by any modality, or investment in hedge funds."
Chilean market approves of investment limits on alternatives
The more aggressive multifunds will eventually be able to allocate up to 15% of their assets to alternatives; however, initially the Central Bank is allowing a maximum of 10% in the type A fund.
CCR Monthly Approval Report – October 2017
While First Trust led with four ETFs registered in the month, while AllianceBernstein, Axa, LarrainVial and Credicorp Capital also won approval for funds of their own.
CCR Monthly Approval Report – September 2017
Eurizon led with three mutual funds registered in the month, all of them domiciled in Luxembourg, followed by PineBridge and UBAM, each with two funds approved.
CCR Monthly Approval Report – August 2017
Investec and Morgan Stanley had two products each registered, while JP Morgan and Lord Abbett followed completed the list with one fund each.
HMC adds Aegon-owned Kames Capital to brand lineup
Ricardo Morales, a partner at HMC Capital, believes Kames brings a unique investment outlook to the Chilean market, as well as to HMC, which already reps for Matthews Asia, Neuberger Berman, Man and Bradesco.
CCR Monthly Approval Report – July 2017
Only three products were added in the month from three different asset managers: HSBC, Macquarie and Kames Capital.